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20121101
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speaker boehner. harry reid said, you can't push us around, we'll tax the rich. richard thumb came in we want to preserve medicare, medicaid, social security and we don't care about the deficit. you add that up, tax now, promise to cut later, ignore the deficit. that could be the outlines of a fiscal cliff deal. bill: be clear on that now. speaker boehner before the election last week. what he is saying, there is big distinction here now, you can raise revenue but don't touch the tax rates. >> yeah. bill: how would you do that? >> okay, you could do that by cutting some loopholes. obviously, with this new administration, you're not going to get tax rates cut. that was the romney plan, to raise revenues. so you could eliminate some loopholes, deductions, for example, as a way of bringing in more tax revenue. but you're right, bill, there is a key distinction between tax rates and raising revenues by cutting loopholes. bill: give me an example. what would that deduction be? >> suppose you narrow the mortgage interest deduction, just suppose, that is not necessarily on the table, just suppo
Search Results 0 to 1 of about 2 (some duplicates have been removed)